By June, shoppers at the budget-friendly retailer may start to see higher prices on the shelves for these goods.

Walmart Inc. plans to cut around 1,500 jobs, the Wall Street Journal reported on Wednesday, as the big-box chain tries to manage costs and accelerate decision-making amid broader efforts by retailers and consumers to navigate inflation and tariffs.

Companies that say they're raising prices due to tariffs are in the president's social media crosshairs and face accusations of price gouging.